Kimberly-Clark Co. (NYSE:KMB) Declares Quarterly Dividend of $1.26

Key Points

• Kimberly-Clark Co. declared a quarterly dividend of $1.26, with shareholders receiving payment on October 2nd. The dividend yield stands at 3.9%.
• The company's current dividend payout ratio is 66.0%, and analysts project earnings of $7.88 per share for the next year, indicating continued ability to cover the dividend.
• Kimberly-Clark's latest earnings report showed an EPS of $1.92, exceeding expectations, while revenue declined 1.6% from the previous year.

Kimberly-Clark Co. (NYSE:KMB - Get Free Report) announced a quarterly dividend on Friday, August 1st, RTT News reports. Shareholders of record on Friday, September 5th will be paid a dividend of 1.26 per share on Thursday, October 2nd. This represents a c) annualized dividend and a dividend yield of 3.9%.

Kimberly-Clark has a dividend payout ratio of 66.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kimberly-Clark to earn $7.88 per share next year, which means the company should continue to be able to cover its $5.04 annual dividend with an expected future payout ratio of 64.0%.

Kimberly-Clark Price Performance

Shares of NYSE KMB traded up $6.02 during trading on Friday, hitting $130.64. 5,386,649 shares of the company were exchanged, compared to its average volume of 2,321,086. The company has a market cap of $43.35 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 4.46 and a beta of 0.35. Kimberly-Clark has a 1 year low of $124.10 and a 1 year high of $150.45. The firm's fifty day moving average price is $131.78 and its 200 day moving average price is $134.53. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm's revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.96 EPS. On average, sell-side analysts expect that Kimberly-Clark will post 7.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KMB. JPMorgan Chase & Co. decreased their price objective on shares of Kimberly-Clark from $126.00 to $125.00 and set an "underweight" rating on the stock in a research report on Friday, July 25th. Wall Street Zen lowered shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. UBS Group decreased their price objective on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Piper Sandler began coverage on shares of Kimberly-Clark in a research report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price objective on the stock. Finally, Evercore ISI decreased their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $140.90.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.

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